Daily Archive: Friday, July 24, 2020

Articles published on Friday, July 24, 2020

Exxon currently producing 98,000 barrels of oil per day

Even as the EPA works on “tightening the language” for permits so that start-up periods are not abused by companies, ExxonMobil is currently producing 98,000 barrels of oil per day at the Liza-1 offshore well and hopes to meet its 120,000 per day target on August 10th 2020, the same day that routine flaring is projected to end, Environmental Protection Agency (EPA) Director Dr Vincent Adams said yesterday.

Tonga asks China to restructure heavy debt load

SYDNEY, (Reuters) – The Pacific island nation of Tonga has asked Beijing to restructure its large bilateral debt load, the government said yesterday, as the pandemic upends the region’s tourism revenues and an onerous Chinese loan repayment schedule looms.

World Champions: These popular fruit, cultivated and widely consumed in Guyana are rated amongst the top 20 most nutritious fruit in the world.

Several popular, affordable local fruit in worldwide top 20 – grapefruit ‘top of the pile’

At a time when a heightened level of threat to human health resulting from the global ravages of the coronavirus pandemic is intensifying the call of the food nutrition lobby for increased fruit consumption, it is comforting to note that of the ten healthiest fruits on the planet, six of them are commonly grown in Guyana and are not only plentiful and affordable but are also grown in family orchards across the country.

Voters at NA Multilateral (Bebi Oosman photo)

Resource Curse? Guyana’s political impasse about ‘who controls the oil money’ – Bloomberg

The near five-month-old political impasse over the outcome of Guyana’s March 2 general elections has, not unexpectedly, attracted comment in the international oil & gas media with a recent report asserting that the failure, up until now, to see the declaration of the winner of the poll is not unrelated to who controls the country’s fortune-transforming oil wealth in the immediate future.

Brazil registers nearly 60,000 new coronavirus cases

RIO DE JANEIRO, (Reuters) – Brazil registered 59,961 additional cases of the new coronavirus yesterday, the second-highest daily jump after a record on Wednesday, bringing total confirmed cases to nearly 2.3 million in the world’s worst outbreak outside the United States.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 872’s trading results showed consideration of $8,626,930 from 89,920 shares traded in 14 transactions as compared to session 871’s trading results which showed consideration of $7,698,040 from 36,714 shares traded in 12 transactions.

Further delay

One can envisage the justices of the CCJ rolling their eyes around in exasperation when the latest frivolous electoral appeal from Guyana lands on their bench. 

COVID-19 and the survival of micro, small businesses

One of the more challenging assignments that will face the country once we begin in earnest to assess and seek to limit the extent of the damage that the coronavirus has inflicted on the business sector will have to do with creating some sort of blueprint for putting those various micro- and small businesses that have folded or faltered badly under the weight of the pandemic, back together again.